United States
Cybersecurity
Banks alarmed after OCC breach, WSJ reports.
1.6m customers have data stolen in massive healthcare breach.
ESG
Bayer targets US state regulations over roundup weed-killer.
Regulation
Trump threatens to fire Fed chair Powell, Bessent urges caution.
SEC extends compliance dates for investment company reporting requirements.
Trump’s social network Truth Social asks SEC to investigate British hedge fund Qube over $100m short position it took against the company.
Binance is advising countries on establishing bitcoin reserves.
Supreme Court sides with plaintiffs on relaxed pleading standard for ERISA claims in case against Cornell University for unlawful retirement plan transactions.
Trump executive order reforms Federal Acquisition Regulation.
China
China debates what to do with $59 billion in cryptocurrency seized from illegal activities.
China makes move to open ETF market to Western market makers.
EU
EU guidance simplifies Deforestation Regulation.
European Central Bank tempers regulatory optimism about BNP’s acquisition of investment management firm.
Pharma companies issue demands to European Commission to stay in the EU.
Japan
Tokyo court sentenced former judge to prison for insider trading during stint at Japan’s Financial Services Agency (FSA).
FSA orders Prudential to remediate practices that led to illegal conduct by former employees.
UK
FCA to establish regional offices in the US and Asia-Pacific
Clinical trials law update seeks to slash red tape.
The Prudential Regulation Authority (PRA) quietly changed bond liquidity rule, causing industry confusion, before reversing course.
Emergency laws are passed to take control of British Steel.